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Note 6 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
           

Fair Value

 

Financial Instrument

 

Hierarchy

   

December

31,

2013

   

December

31,

2012

 
           

(Dollars in thousands)

 

Marketable securities (available-for-sale)

                       

Equity securities

 

Level 1

    $ 389,323     $ 208,818  

Debt securities - maturity less than 1 year

 

Level 2

      72,577       54,388  

Debt securities - maturity 1 to 5 years

 

Level 2

      106,566       277,514  

Debt securities - maturity greater than 5 years

 

Level 2

      19,601       11,218  

Total available-for-sale securities

          $ 588,067     $ 551,938  
                         

Mortgage loans held-for-sale, net

 

Level 2

    $ 92,578     $ 119,953  
                         

Metropolitan district bond securities (available-for-sale) (1)

 

Level 3

    $ 12,729     $ 12,920  
Available-for-sale Securities [Table Text Block]
   

December 31, 2013

   

December 31, 2012

 
   

Amortized

Cost

   

Fair Value

   

Amortized

Cost

   

Fair Value

 

 

 

(Dollars in thousands)

 
Homebuilding:                                

Equity securities

  $ 375,142     $ 385,303     $ 208,279     $ 208,818  

Debt securities

    181,635       183,718       306,793       310,647  

Total homebuilding available-for-sale securities

  $ 556,777     $ 569,021     $ 515,072     $ 519,465  
                                 

Financial Services:

                               

Equity securities

  $ 4,000     $ 4,020     $ -     $ -  

Debt securities

    14,721       15,026       32,028       32,473  

Total financial services available-for-sale debt securities

  $ 18,721     $ 19,046     $ 32,028     $ 32,473  
                                 

Total available-for-sale marketable securities

  $ 575,498     $ 588,067     $ 547,100     $ 551,938  
Schedule of Unrealized Loss on Investments [Table Text Block]
   

Year Ended December 31, 2013

   

Year Ended December 31, 2012

 
   

Number of Securities in Loss Position

   

Aggregate Loss Position

   

Aggregate Fair Value of Securities in a Loss Position

   

Number of Securities in Loss Position

   

Aggregate Loss Position

   

Aggregate Fair Value of Securities in a Loss Position

 
   

(Dollars in thousands)

 
Type of Investment                                                

Debt

    72     $ (430 )   $ 46,440       88     $ (594 )   $ 103,684  

Equity

    7       (713 )     14,174       1       (2,060 )     52,988  

Total

    79     $ (1,143 )   $ 60,614       89     $ (2,654 )   $ 156,672  
Realized Gain (Loss) on Investments [Table Text Block]
   

Year Ended December 31,

 
   

2013

   

2012

   

2011

 
   

(Dollars in thousands)

 

Gross realized gains on sales of available-for-sale securities

                       

Equity securities

  $ 1,251     $ -     $ -  

Debt securities

    83       608       1,246  

Total

  $ 1,334     $ 608     $ 1,246  
                         

Gross realized losses on sales of available-for-sale securities

                       

Equity securities

  $ -     $ -     $ -  

Debt securities

    (3,794 )     (1,287 )     (1,231 )

Total

  $ (3,794 )   $ (1,287 )   $ (1,231 )
                         

Net realized gain (loss) on sales of available-for-sale securities

  $ (2,460 )   $ (679 )   $ 15  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Quantitative Data

   

Sensitivity Analysis

 

Unobservable Input

 

Range

 

Weighted

Average

   

Movement in
Fair Value from
Increase in Input

   

Movement in
Fair Value from
Decrease in Input

 

Discount rate

  6%  to 16%     10%       Decrease       Increase  

Number of homes closed per year

  0 to 155     88       Increase       Decrease  
   

Year Ended December 31,

 
   

2013

   

2012

 
   

(Dollars in thousands)

 

Balance at beginning of period

  $ 5,818     $ 6,663  

Increase in fair value (recorded in other comprehensive income)

    6,373       -  

Change due to accretion of principal

    1,192       -  

Cash receipts

    (654 )     (845 )

Balance at end of period

  $ 12,729     $ 5,818  
   

December 31, 2013

   

December 31, 2012

 
   

Carrying
Amount

   

Estimated

Fair Value

   

Carrying
Amount

   

Estimated

Fair Value

 
   

(Dollars in thousands)

 

5⅜% Senior Notes due December 2014, net

  $ 249,814     $ 258,750     $ 249,621     $ 267,208  

5⅜% Senior Notes due July 2015, net

    249,935       262,562       249,895       268,867  

5⅝% Senior Notes due February 2020, net

    245,871       259,688       245,326       273,125  

6% Senior Notes due January 2043

    350,000       305,083       -       -  

Total

  $ 1,095,620     $ 1,086,083     $ 744,842     $ 809,200  
   

Carrying Value of

Impaired Inventory at

 
   

December 31,

2013

   

December 31,

2012

 
   

(Dollars in thousands)

 

West

    -       -  

Mountain

    -       -  

East

    4,187       2,775  

Total

  $ 4,187     $ 2,775